Canaccord Genuity maintained a Hold rating on Lululemon Athletica Inc. (NASDAQ: LULU) but raised its price target to $48.00 (from $42.00), calling Q3 a 'mixed bag.'

The firm also raised estimates.

For an analyst ratings summary and ratings history on Lululemon Athletica Inc. click here. For more ratings news on Lululemon Athletica Inc. click here.

Shares of Lululemon Athletica Inc. closed at $50.96 yesterday.